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As well as the devices, Samsung unveiled its mobile payments system called Samsung Pay. This will allow customers to store their card details in a "mobile wallet" and pay using their smartphone or any other Samsung devices.

Gujarat and US-based payment solution provider Master Card have signed an agreement for strategic co-operation to accelerate electronic payments processes involving government, businesses, as well as the transit and tourism industry.

According to Ajay Banga, President & CEO, MasterCard, reading between the lines, Modi is trying to say that Rome wasn't built in a day. On issues such as retrospective taxation, the fact that he has given reassurance about the holding back of future such tax action is important, he adds.

The promise of 'acche din' seems to be turning investor interest to India. A delegation from the United States - India business council (USIBC) led by Ajay Banga of MasterCard met commerce minister Nirmala Sitharaman today.

In December, a federal judge in Brooklyn, NY, approved a USD 5.7 billion class action settlement between merchants and Visa and MasterCard despite the objections of thousands of retailers that complained it was inadequate.

Retail stocks stayed in the spotlight as the holiday shopping season drew to a close. Data published by MasterCard Advisors SpendingPulse said sales between November 1 and December 24 rose 2.3 percent, bucking concerns that the season had been weak.

For securing card and electronic payment transactions, RBI had set up a working group that had recommended evaluation of UIDAI's Aadhaar as an effective alternative for additional factor of authentication for domestic transactions.

Gujarat and US-based payment solution provider Master Card have signed an agreement for strategic co-operation to accelerate electronic payments processes involving government, businesses, as well as the transit and tourism industry.

According to Ajay Banga, President & CEO, MasterCard, reading between the lines, Modi is trying to say that Rome wasn't built in a day. On issues such as retrospective taxation, the fact that he has given reassurance about the holding back of future such tax action is important, he adds.

The promise of 'acche din' seems to be turning investor interest to India. A delegation from the United States - India business council (USIBC) led by Ajay Banga of MasterCard met commerce minister Nirmala Sitharaman today.

In December, a federal judge in Brooklyn, NY, approved a USD 5.7 billion class action settlement between merchants and Visa and MasterCard despite the objections of thousands of retailers that complained it was inadequate.

Retail stocks stayed in the spotlight as the holiday shopping season drew to a close. Data published by MasterCard Advisors SpendingPulse said sales between November 1 and December 24 rose 2.3 percent, bucking concerns that the season had been weak.

For securing card and electronic payment transactions, RBI had set up a working group that had recommended evaluation of UIDAI's Aadhaar as an effective alternative for additional factor of authentication for domestic transactions.

The card, which is only available in the United States, lets consumers access the funds stored in their Google Wallet accounts. Google Wallet is a smartphone app and online payment service that lets consumers buy goods and transfer money to each other.

Source:BBC - A US judge has approved a $5.7bn (£3.5bn) class action settlement against credit card firms Visa and MasterCard. The two firms were accused of fixing the credit card fees charged to merchants each time a credit or debit card was used. It is believed to be the largest settlement

Source:Economic Times - NEW YORK: Visa and MasterCard are introducing Internet-based technologies to make it easier for shoppers to buy things at retail stores without pulling out a credit card. The two technologies, announced separately on Wednesday, will give merchants and banks more options

At home, earnings continued to disappoint with Amazon missing estimates and Wal-Mart (WMT) downgrading its Q4 earnings forecast. Chevron (CVX) Mastercard (MA) and Mattel (MAT) also joined the litany of weak earnings reports, joining the likes of Google, Apple, Exxon Mobil and Yahoo (YHOO) which

Source:Economic Times - MUMBAI: The National Payment Corporation (NPCI) plans to almost double the number of RuPay Cards, the homegrown rival to Visa and MasterCard, to 25 million over the next two months.

Source:The Hindu BusinessLine - MasterCard on Thursday said it has pledged $50,000 to the Self Employed Women’s Association (SEWA). With MasterCard’s assistance, SEWA’s tools and equipment library, inaugurated here on Thursday, would make available farm equipment to poor farmers at nominal rent

Source:Economic Times - KOLKATA: The Air India has extended the facility of accepting credit cards from a foreign bank for online bookings for journeys originating from the US, UK, Europe, Japan and Singapore. While only VISA card and MasterCard were being accepted for the purpose earlier

Source:Economic Times - MADURAI: The Central Bank of India, which is celebrating its 103rd Foundation day on Monday, has launched a new Mobile Banking application and EMV ( Europay, Mastercard,Visa) compliant `RuPay` debit card. Finance Minister P Chidamabaram launched the scheme, along with 103